Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-01-12
XIX. CONGRESS.
WASHINGTON, January 10, 1881.
Gann0N

senate.
senator sherman to-day introduced bill
10 reimburse the depositors OF the Freed
iuans Savings and Trust Company for losses
incurred by the failure OF the company.
The bill provides that the successors IN
Office Of the commissioners Of the Freed
mans Savings and Trust Company be
directed TO pay TO all the depositors OF
the deiunct company whose accounts
have been properly verified and balanced
sum OF money equal TO the verified bal
ances due the dcpOsltors at the time OF the
company's failure, less the amount OF d.
Vidends which may have been declared
from the assets OF the company. The sum
OF 81 100000 is appropriated for this pur-
pose. IL also provided that claims not pre-.
Sented within two years for payment under
this act shall be barred by limitation, and
that nothing in the act shall be construed
To- eniitlc the dcpOstors TO the amount OF
any dividends barred under the existing
laws.
Nlr. Hawley presented a memorial of
some residents Of Washington county,
Texas, stating they had been denied their
rights as citizens by the citizens and au.
thOrities OF that county, and appealing for
redress TO the Government Of the United
Sistes. Referred.
The Senate, at . o'clock, resumed the
consideration of the interstate commerce
bill, aud was addressed by Mr.. Coke in
favor Of the conference report. The In
telligcnt judgment OF the country, he said,
would approve IL; not because ii was all
that the people had right TO demand, or
because II gave them justice, but because,
although falling greatly below the stand
ard In 0oth these regards, IL was beginning
l., In, 40 ella 1iroafian
which might be added 10 aud supplements
ed in the future, aud might be, by light OF
experience, perfected so rs TO be absolute
Iy right and effective. In conclusion he
said Il remained 10 be seen whether cOrp0-
rate power was so entrenched in The Senate
that tue pending bill was TO share the fate
Of It's predecessors.
Mr.. Harris, one OF the three Senate con-
ferrees. made an argument in favor Of the
bill. The country, be said, had for more
than ten years and still demanded that the
carrying trade be Justly regulated by the
Government. The construction sought TO
he given TO the 4th section las to long
and short hauls) was simply absurd. The
MAN meaning OF the section was that the
carrier should not demand 4 larger gross
sum for hauling carload OF grain or other
freight over a part OF his line than Is de-
manded for hauling o similar carload OF
the same class of freight over its whole
line. One effect OF II would be
10 put an end 10 these ruin0uS
competitions for through freight known as
crate wars" When railroad company
was made To understand that the law pro-
hibited Il from charging a greater sum
over part OF its line than IL demanded for
its whole line, IL would be somewhat reluc-
tsnt TO commit financial suicide in
yOlVed In through freights, which were
not iuirtquently Fixed by angry, unreasona-
bic, and reckless rate wars. Ii would allow
fair and healthy competition, aud would
tx the rates on It's through traffic that
would be the standard OF its maximum To-
cal rates.
Mr.. Harris was several times interrupted
With questions, and the debate took q col.
lequial form between himself, Messrs.
Mcpherson, Camden, Aldrlch, and Sauls-
- bury.
Mr.. Cali obtained the floor, but yielded
10 a motion 10 90 into executive session,
Mr.. Cullom In the mean time repeating
the notice heretofore given by him that he
Would ask that the Senate remain In session
tomorrow I'll the bin was disposed OF.
The senate then, at 4:l5, went into secret
ftnslout anu Wien thS VDVis "NANANNPSNNNe
adjourned.
uause OF Representatives.
On motion OF MIR. Bragg, OF Wisconsin,
Senate amendments were concurred IN TO
the bin providing for aschool OF instruction
for cavalry and light artillery.
Mr.. Willis, OF Kentucky, reported back
The riyer-sDd. barber appropriation bill.
Referred 10 Committee OF the Whole.
Mr.. Oates, OF Alabama, from the Commit
tee on Revision OF the Laws, reported Dill
TO prohibit the appointment OF congres.
fiobal committees 10 attend funerals at
public expense outside OF the District OF
Columbis. aud also 10 prohibit the draping
OF public buildings ia mourning except
upon suthority OF the President. Placed
on the calendar.
In The morning hour The House resumed,
IN Committee Of the Whole, the considcra-
tion Of the bin for the erection OF public
building al Charleston. 5. q. The Dill Ap-
proprisles one hundred thousand dollars
Tor The purchase Of site, aud four hun.
dred thousand dollars for the erection oil
the building.
Mr., Hepburn. NJ Iowa. moved 70 reduce
this latter amount 70 two hundred thousand
dollars. The city, he asserted, Was 10 It's
decsdeDee, and 10 support Of this assertion
he stated That between 1860 ard 1880 the
white population bad increased only scsen-